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Old 07-02-2009, 06:33 AM
5,633 posts, read 13,944,917 times
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"Hotels in the San Antonio metro area are expected to experience a 22.1 percent decline in revenue per available room (RevPAR) this year compared to last, according to Atlanta-based PKF Hospitality Research.

This decline is greater than the 17.5 percent drop in RevPAR forecast for the overall U.S. hotel industry in PKF’s recently released June 2009 Hotel Horizons report.

“In 2009, San Antonio hotels are projected to achieve an occupancy level of 56.7 percent, down from the 65.2 percent mark achieved in 2008,” says Randy McCaslin in the Houston office of PKF Consulting.

Given the increase in the competitive nature of the local market, average daily room rates are expected to fall from $110.19 in 2008 to $98.73 in 2009, a decline of 10.4 percent.

Full article: Market*News

If you're looking for a deal this summer, go look for them!
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Old 07-02-2009, 06:35 AM
Status: "just keep scrolling then?" (set 16 days ago)
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Time to book a C-D party on the Riverwalk. Wouldn't that be a hoot?
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